Form Ftb 3510 - Credit For Prior Year Alternative Minimum Tax - Individuals Or Fiduciaries - 2012 Page 3

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Certain January 1 Birthdays. If the child
Line 34 – Exemption and other allowable
was born on January 1, 1994, the child is
credits that ca nnot reduce regular tax below
considered to be 18 at the end of 2011. If the
the tentative minimum tax.
child was born on January 1, 1993, the child is
Residents enter on line 34 the total of the
considered to be 19 at the end of 2011. If the
following:
child was born on January 1, 1988, the child is
• The exemption credits from Form 540,
considered to be 24 at the end of 2011.
line 32 (or Form 541, line 22).
Line 10 – If line 10 is -0- and you paid 2011
• The amount of other allowable credits
AMT, all of the 2011 AMT is attributable to the
that are listed on your 2012 Schedule P
deferral preferences. Enter -0- on line 13, then
(540 or 541), Section A1 and Section A2,
complete Part I, Section B, if applicable, and
column (b).
Part II to figure the available credit for 2012.
Nonresidents or Part-Year Residents enter on
Line 18 – Enter the adjustments and tax
line 34 the total of the following:
preference items treated as exclusions.
• The exemption and other allowable credits
Combine your Schedule P (540NR), Part II,
from Long Form 540NR, line 39.
lines 29a, 29h, and 29o. Do not include
• The amount of other allowable credits
any amount from line 29f. Instead, include
that are listed on your 2012 Schedule P
the exclusion items from your 2011
(540NR), Section A1 and Section A2,
Schedule K-1 (541), line 12e, column (e).
column (b).
Line 28 – Reduce the amount on line 28 by
See Schedule P (540, 540NR, or 541) for more
the same amount shown on one of the forms
information.
below if you reduced your 2011 AMT by any
Line 36 – Enter the tentative minimum tax
solar energy credit carryover or commercial
from one of the following 2012 forms:
solar energy credit carryover:
• Schedule P (540), Part II, line 24.
• Schedule P (540), Part III, line 24 and
• Schedule P (540NR), Part II, line 43.
line 25, column (b).
• Schedule P (541), Part III, line 8.
• Schedule P (540NR), Part III, line 24 and
line 25, column (b).
• Schedule P (541), Part IV, line 18 and
line 19, column (b).
Enter the amount of the reduction in the space
to the left of line 28.
Line 31 – Enter the amount of any unused
AMT credit carryover from one of the following
2011 forms:
• Schedule P (540), Part III, line 12,
column (d).
• Schedule P (540NR), Part III, line 12,
column (d).
• Schedule P (541), Part IV, line 10,
column (d).
Line 32 – If line 32 is zero or less, you do not
have an AMT credit or an AMT credit to carry
over. Do not complete the rest of this form.
If line 32 is more than zero, enter the amount
here and in column (a) of one of the following
2012 forms:
• Schedule P (540), Part III, line 12.
• Schedule P (540NR), Part III, line 12.
• Schedule P (541), Part IV, line 10.
Page 2 FTB 3510 Instructions 2012

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